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SolGold (SOLG) Share News

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IN BRIEF: SolGold sees annual loss widen on administrative expenses

14th Feb 2023 18:31

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of USD10.7 million in 2022, widened from USD7.4 million in 2021, as administrative expenses jumped 82% to USD7.8 million from USD4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding. Read More

IN BRIEF: SolGold acquisition of Cornerstone to be paid in shares

24th Jan 2023 08:59

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely using SolGold shares, instead of cash, with Cornerstone shareholders receiving 15 shares in SolGold for each of their Cornerstone shares. Under the terms of the deal, entered into in October, SolGold had the option to pay up to 20% of the consideration in cash. The company says it expects to publish the prospectus shortly, with the acquisition to be completed soon afterwards. Read More

Third of votes cast against election of CEO Caldwell to SolGold board

23rd Dec 2022 12:53

(Alliance News) - SolGold PLC on Friday noted that, at its annual general meeting on Thursday, 34% of shares cast were against the election of Interim Chief Executive Officer Scott Caldwell to the board of directors, while six other resolutions received less than 70% support. Read More

UK shareholder meetings calendar - next 7 days

15th Dec 2022 15:45

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SMALL-CAP WINNERS & LOSERS: First Class Metals up on exclusivity deal

12th Dec 2022 11:05

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More

IN BRIEF: SolGold completes royalty financing with Osisko for Cascabel

1st Dec 2022 10:11

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Completes USD50 million royalty financing with Osisko Gold Royalties Ltd regarding to the Cascabel copper-gold project in northern Ecuador. Under the agreement, metal royalty company Osisko will receive a 0.6% net smelter royalty interest from the Cascabel licence area. SolGold entered the deal in early November. Read More

IN BRIEF: SolGold to raise USD36 million via investments

23rd Nov 2022 14:50

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% ‎stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors. Read More

SolGold looks towards strategic review after appointing interim CEO

22nd Nov 2022 11:17

(Alliance News) - SolGold PLC on Tuesday said it is looking to maximise shareholder value through a USD50 million investment, a merger, and a "top priority" strategic review. Read More

IN BRIEF: SolGold says CEO Cuzzubbo leaves with immediate effect

10th Nov 2022 14:24

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed. Read More

SolGold appoints non-executive directors as part of Cornerstone merger

25th Oct 2022 10:17

(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc. Read More

SolGold shares up on merger deal with Cornerstone Capital

7th Oct 2022 10:26

(Alliance News) - SolGold on Friday said it has entered into a friendly merger with Toronto-listed Cornerstone Capital Resources Inc, whereby SolGold will buy all of Cornerstone's shares. Read More

LONDON BRIEFING: Stocks to open lower ahead of US jobs data

7th Oct 2022 07:44

(Alliance News) - Stocks in London were called lower on Friday ahead of key US jobs data, and after further hawkish cues from the US Federal Reserve. Read More

SolGold turns to annual profit on remeasurement of liability

29th Sep 2022 11:50

(Alliance News) - SolGold PLC on Thursday posted a profit due to the reassessment of a financial liability for the Alpala mine project in Ecuador. Read More

SolGold overhauls management suite as Cascabel focus ramps up

11th Aug 2022 10:54

(Alliance News) - SolGold PLC on Thursday said Chief Financial Officer Ayten Saridas, Non-Executive Director Keith Marshall and Head of Exploration Jason Ward plan to step down. Read More

TRADING UPDATES: CVS says "well-placed"; Ceres Power revenue falls

28th Jul 2022 15:22

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

SolGold's Ecuador director resigns; loss widens

13th May 2022 14:32

(Alliance News) - SolGold PLC on Friday reported a widened quarterly loss and said its head of Ecuador has resigned with immediate effect. Read More

SolGold appoints new permanent CFO after year-and-a-half gap

11th May 2022 16:53

(Alliance News) - Shares in SolGold PLC rose on Wednesday after appointing Ayten Saridas as its new chief financial officer. Read More

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

20th Apr 2022 20:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

13th Apr 2022 18:47

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

15th Feb 2022 22:16

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

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